MOSCOW, August 4. /TASS/. Russian President Vladimir Putin has signed a law that, for the first time, provides comprehensive regulation for the circulation of digital currencies and digital rights in Russia.
The document establishes operational frameworks for crypto exchanges, digital depositories, and market participants, while defining conditions for investors purchasing cryptocurrencies.
The legislation governs the organization, accounting, and custody of digital currencies and foreign digital instruments. It also regulates cryptocurrency mining, the issuance and circulation of digital rights, and the activities of information system operators issuing digital financial assets (DFAs). Furthermore, the law sets standards for digital currency exchange providers, digital depositories, brokers, management companies, trade organizers, and clearing houses.
Requirements for crypto exchanges
Only entities included in a special registry will be permitted to conduct digital currency exchange activities. However, they are allowed to operate without registration until July 1, 2027. The minimum equity requirement for such organizations is set at 15 million rubles ($187,339).
